To prevent compliance becoming a risk factor

Business activities and management’s risk appetite drive inherent risks, and if the organization has a good enough compliance program in place, these risks can be reduced. However, if the organization’s compliance program is not mature enough, the program itself becomes a risk factor worsening the organization’s risk profile, which potentially increases cost of capital and impacts market value and growth potential.

 Compliance can never achieve its full potential if it works in a silo

ComplOrg is an industry-neutral maturity model that can be applied to any compliance domain from anti-bribery through data privacy, environmental protection, and health and safety to sanctions. It is based on the following pillars:

  • A mature compliance program can mitigate risks for the organization and identify opportunities enhancing market value.

  • While well-working individual compliance domains alone can reduce compliance risk for the organization, if these functions work together in integration and with other key functions such as Environment, Social and Governance (‘ESG’), Enterprise Risk Management (‘ERM’), and external reporting, they can contribute more effectively to the organization’s success and manage risks and opportunities more efficiently.

  • In fact, compliance domains working in isolation can never fully meet stakeholders’ expectations.

How can ComplOrg help organizations? 

ComplOrg helps key decision-makers including, but not limited to, C-level executives, General Counsels, Chief Compliance Officers, and compliance domain leaders:

  • Evaluate the ‘as-is’ maturity of individual compliance domains

  • Assess the ‘as-is’ maturity of the enterprise-wide compliance function

  • Understand how compliance activities increase or decrease the risk level for the organization

  • Know how to take compliance to a higher maturity level, manage risks and opportunities more effectively, and meet stakeholders’ expectations

  • Track progress when moving towards a higher maturity level

  • Perform pier-to-pier comparisons

  • Establish a minimum level of maturity for vendors the organization works with, and embed ComplOrg in the third-party risk management process

Learn about The Maturity Levels and download the comprehensive ComplOrg guide to evaluate your compliance function or domain.